ECB'S Lane says up to supervisors to mitigate risks of low rates

Ultra-low European Central Bank interest rates could lead to excessive risk-taking but it is up to supervisors to mitigate these risks as ECB policy is clearly doing the job intended, Governing Council member Philip Lane said on Tuesday.
Lane, the governor of the Central Bank of Ireland, said low interest rates posed the dual risk of creating real estate bubbles and, if sustained too long, contributing to economic stagnation.
"A possible side-effect of the low interest rate environment is that it may induce some asset and real estate market participants to engage in excessive... read more

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